Shenzhen Manst Technology Co (SZSE:301325) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Shenzhen Manst Technology Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Shenzhen Manst Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Shenzhen Manst Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.02). It may suggest that Shenzhen Manst Technology Co is progressively becoming more dependent on debt to grow their business.

Shenzhen Manst Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Manst Technology Co's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shenzhen Manst Technology Co LT-Debt-to-Total-Asset Chart

Shenzhen Manst Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.03

0.02

0.01

Shenzhen Manst Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.01	0.01	0.01	0.02	0.02

Shenzhen Manst Technology Co LT-Debt-to-Total-Asset Calculation

Shenzhen Manst Technology Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	49.28	/	3733.355
	=	0.01

Shenzhen Manst Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	102.607	/	4641.957
	=	0.02

Shenzhen Manst Technology Co (SZSE:301325) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Shenzhen Manst Technology Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Manst Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Manst Technology Co Ltd (SZSE:301325) » Definitions » LT-Debt-to-Total-Asset

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Address

Jinniu East Road, Zhukeng Third Industrial Zone, 101-201, Building No. 3, Zone C, Longtian Subdistrict, Pingshan District, Guangdong, Shenzhen, CHN, 518118

Website

https://www.sz-manst.com

Shenzhen Manst Technology Co Ltd is engaged in the Research, development, design, production, and sale of high-precision slit coating dies, coating equipment, and coating accessories. It is a national high-tech enterprise and a national "little giant" enterprise specializing in new technologies, focusing on the R&D and application of coating technology, providing customers with overall coating technology solutions, with a complete R&D system and independent production capacity. The company's products include Precision Coating Die, Automatic Coating Slot Die, Push-pull Adjustment Coating Die, Double Layer Slot Die, Dual Tank Coating Feeding Systems, Normal shim, On-Off valve, Constant Pressure Valve and etc.

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